"Hard drive shortage" will continue! Seagate Technology (STX.US) HDD gross margin may exceed 50%, Morgan Stanley raises bull market target price to 341 US dollars.

According to the Wisdom Financial APP, Morgan Stanley has reiterated its "overweight" rating on Seagate Technology (STX.US), with a target price of $270 and a bull market target price of $341. The bank pointed out that due to a strong cycle, Seagate Technology is expected to enjoy over 50% gross margin on its hard disk drive (HDD) sales in the next 12 months.